World View & Market Commentary. Forest first; Trees second. Focused on Real & Knowable facts that filter through the "experts" fluff and media hyperbole. Where we've been, what the future may hold and developing a better way forward.

Wednesday, February 18, 2009

Hey, sometimes a good General speaks softly but carries a big old Howitzer to blow the bulls out of their trenchlines!

A very easy update tonight. The bulls never managed to organize a serious offensive and the bears have had another day to set up their defenses in the 800 trench and remain in full control. The SPX is now my primary window for following the bearish momentum. As long as this channel holds you can stay comfortably short.